With gold gaining, dollar declining, a flattening yield curve, and a market not buying The Fed's 3-hikes plan, Janet and her band of merry-men (and women) had to do something to get investors' confidence back to signal 'March is live', as Trumponomics dominates the conversation…but it appears they failed.
- *FED SAYS CONSUMER, BUSINESS SENTIMENT HAVE IMPROVED OF LATE
- *FED REPEATS NEAR-TERM RISKS TO OUTLOOK `ROUGHLY BALANCED'
- *FED SAYS MARKET-BASED INFLATION GAUGES `REMAIN LOW'
Not exactly Hawkish.
* * *
As a reminder, Bloomberg offers this Fed Spectrometer…
Since The Fed hiked rates, the yield curve has flattened dramatically…
The dollar is down…
And gold is the best performer by far…
And the market remains unconvinced at the 3-hike plan…
So a flatter curve and soaring gold? "Policy error" anyone?
Additional headlines:
- *FED SAYS JOB GAINS REMAINED SOLID, UNEMPLOYMENT STAYED LOW
- *FED: INFLATION INCREASED IN RECENT QUARTERS, STILL UNDER 2%
- *FED REPEATS BUSINESS INVESTMENT HAS REMAINED SOFT
Full Redline below:
via http://ift.tt/2kT2CiJ Tyler Durden